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    whitmanra09's Avatar
    whitmanra09 Posts: 1, Reputation: 1
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    #1

    Feb 10, 2009, 04:32 PM
    How can we keep from losing our families property?
    Our parents are very sick & may not be here much longer. We have a very greedy family member who is bullying our parents around & thinks she's entitled to property because she has paid property taxes for our parents a few times. I don't know if that gives her any legal rights or not? We don't have much money & thought about getting a will kit from office supply but don't know if it will stand up in court? We are in Chapter 13 & trying to figure out how to keep from losing inheriatence property that has been in the family now for 5 generations? We still have 3 and a half years left. 90K left. Can it be left to an underage child? Any advice would be greatly appreciated.
    benny22xx's Avatar
    benny22xx Posts: 3, Reputation: 2
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    #2

    Feb 10, 2009, 05:10 PM

    You should set up a living trust for the estate. And the people in the trust would have to be the parents and the two children. Contact a lawyer. Once the parents die the trust will still exist. And there will probably have to be a trustee to oversee the account though until the kids become of age... so sorry for your hardship but I hope that helps.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Feb 10, 2009, 08:15 PM

    You are going past a will kit, you need to get an attorney for this.
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